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U.S.-EU trade deal averts higher tariffs, boosting global markets and raising S&P 500 target.
Financial markets globally saw gains after the U.S. and the EU reached a trade deal, averting higher tariffs that could have disrupted economies.
The agreement imposes a 15% tariff on EU exports to the U.S., up from 1%, and has led to optimism, with Oppenheimer raising the S&P 500's year-end target to 7,100.
However, some European leaders expressed reservations about the deal's impact on their economies.
Markets will now focus on upcoming Federal Reserve meetings and U.S.-China trade talks.
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El acuerdo comercial entre Estados Unidos y la UE evita aranceles más altos, impulsando los mercados globales y elevando el objetivo de S&P 500.